{"id":222808,"date":"2025-04-28T13:15:53","date_gmt":"2025-04-28T17:15:53","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=222808"},"modified":"2025-06-06T14:59:23","modified_gmt":"2025-06-06T18:59:23","slug":"forecast-contract-opinions-oil-natural-gas-production","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/prediction-market\/forecast-contract-opinions-oil-natural-gas-production\/","title":{"rendered":"Forecast Contract Opinions: Oil, Natural Gas Production: April 28, 2025"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Preliminary estimates from two separate Energy Information Administration (EIA) reports suggest that February US oil production was either <a href=\"https:\/\/www.eia.gov\/outlooks\/steo\/data\/browser\/#\/?v=3&amp;f=M&amp;s=&amp;ctype=linechart&amp;maptype=0&amp;id=\" target=\"_blank\" rel=\"noreferrer noopener\">13,350<\/a> thousand barrels per day (Bpd) or <a href=\"https:\/\/www.eia.gov\/dnav\/pet\/hist\/LeafHandler.ashx?n=pet&amp;s=wcrfpus2&amp;f=4\" target=\"_blank\" rel=\"noreferrer noopener\">13,500<\/a> thousand Bpd, marking a recovery from January\u2019s challenging weather conditions. Indeed, the weekly estimates published by the EIA can be used to help forecast the results of the monthly aggregates which are released with a substantial lag. For example, the final figure for February will be released this Wednesday in the EIA\u2019s Petroleum Supply Monthly print, while weekly estimates for March and April are already available.<\/p>\n\n\n\n<p>A combination trade I like going into the print includes the \u201cYes\u201d answer to the IBKR <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF#\/market-details?id=727520270%7C20250430%7C13300\" target=\"_blank\" rel=\"noreferrer noopener\">forecast contract question<\/a> asking if the final result will exceed 13,300 thousand Bpd, which is priced at $0.62. The median estimate is at 13,400 thousand and the EIA is expecting 2025 to average 13,500 thousand throughout the year. Furthermore, January was the first month in four in which production dropped below 13,300 thousand and it was due to severe cold weather, which negatively affected extraction activities across the country. Volumes are expected to have recovered in February since the month didn\u2019t feature substantial disruptions. Meanwhile, last December marked the all-time high at 13,451 thousand Bpd and in consideration of the tall hurdle, I like the \u201cNo\u201d answer at <a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF#\/market-details?id=727520270%7C20250430%7C13600\" target=\"_blank\" rel=\"noreferrer noopener\">13,600 thousand Bpd<\/a>, which costs $0.86. The combination trade consisting of the \u201cYes\u201d at 13,300 thousand and the \u201cNo\u201d at 13,600 thousand costs a total of $1.48 and pays out $2.00 on a figure in between both thresholds.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1050\" height=\"763\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture1-FT-april-28-chart.png\" alt=\"chart showing historical oil production levels and IBKR ForecastTrader Contract thresholds.\" class=\"wp-image-222837 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture1-FT-april-28-chart.png 1050w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture1-FT-april-28-chart-700x509.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture1-FT-april-28-chart-300x218.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture1-FT-april-28-chart-768x558.png 768w\" data-sizes=\"(max-width: 1050px) 100vw, 1050px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1050px; aspect-ratio: 1050\/763;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"624\" height=\"59\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture2-FT-2-1.png\" alt=\"IBKR ForecastTrader Contract asking if oil production in February will exceed 13,300 thousand barrels per day. \" class=\"wp-image-222838 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture2-FT-2-1.png 624w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture2-FT-2-1-300x28.png 300w\" data-sizes=\"(max-width: 624px) 100vw, 624px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 624px; aspect-ratio: 624\/59;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"624\" height=\"59\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture3-FT-3-April-28-2025.png\" alt=\"IIBKR ForecastTrader Contract asking if oil production in February will exceed 13,600 thousand barrels per day. \" class=\"wp-image-222840 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture3-FT-3-April-28-2025.png 624w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture3-FT-3-April-28-2025-300x28.png 300w\" data-sizes=\"(max-width: 624px) 100vw, 624px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 624px; aspect-ratio: 624\/59;\" \/><\/figure>\n\n\n\n<p>Another trade I like is related to natural gas production and is released in the same Wednesday report is the \u201cYes\u201d answer concerning whether US dry natural gas production exceeded 3 billion cubic feet in February. Now in this data series the number is reported as a monthly aggregate which is critical considering that there were 28 days in February relative to the 31 days in January. But I\u2019m still expecting February\u2019s figure to arrive ahead of 3 billion cubic feet because January\u2019s 3.23 billion was achieved alongside significant weather disruptions that weren\u2019t present in February. The \u201c<a href=\"https:\/\/forecasttrader.interactivebrokers.com\/eventtrader\/?loginType=1&amp;forwardTo=100&amp;clt=0&amp;ip2loc=OFF#\/market-details?id=732764737%7C20250430%7C3000000\" target=\"_blank\" rel=\"noreferrer noopener\">Yes\u201d<\/a> for a figure above 3 billion costs just $0.55. Finally, volumes have come in above 3 billion for 23 consecutive months.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1783\" height=\"1297\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/nat-gas-FT.png\" alt=\"natural gas production and forecasttrader contract thresholds\" class=\"wp-image-222864 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/nat-gas-FT.png 1783w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/nat-gas-FT-700x509.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/nat-gas-FT-1100x800.png 1100w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/nat-gas-FT-300x218.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/nat-gas-FT-768x559.png 768w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/nat-gas-FT-1536x1117.png 1536w\" data-sizes=\"(max-width: 1783px) 100vw, 1783px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1783px; aspect-ratio: 1783\/1297;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"624\" height=\"59\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture5-FT-April-28.png\" alt=\"IBKR ForecastTrader contract asking if US natural gas production will exceed 3,000,000 million cubic feet in February\" class=\"wp-image-222842 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture5-FT-April-28.png 624w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/04\/Picture5-FT-April-28-300x28.png 300w\" data-sizes=\"(max-width: 624px) 100vw, 624px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 624px; aspect-ratio: 624\/59;\" \/><\/figure>\n\n\n\n<p><em>Source for Images: ForecastEx<\/em><\/p>\n\n\n\n<p><em>Note: Prices are highest bids as of the morning of April 28, 2025.<\/em><\/p>\n\n\n\n<p>To learn more about ForecastEx, view our Traders\u2019 Academy video&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?v=ceR-weGZSXc\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Preliminary estimates from two separate Energy Information Administration (EIA) reports suggest that February US oil production was either 13,350 thousand barrels per day (Bpd) or 13,500 thousand Bpd, marking a recovery from January\u2019s challenging weather conditions. <\/p>\n","protected":false},"author":903,"featured_media":220902,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[12711,18929,18,6,8,9,26,3],"tags":[11237,18971,17574,19812,10037],"contributors-categories":[13760],"class_list":{"0":"post-222808","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ibkr-economic-landscape","8":"category-prediction-market","9":"category-macro","10":"category-north-america","11":"category-region","12":"category-securities","13":"category-text-articles","14":"category-traders-insight","15":"tag-energy-markets","16":"tag-forecast-contracts","17":"tag-forecastex","18":"tag-natural-gas-production","19":"tag-oil-production","20":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- 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Torres\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jose Torres\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-contract-opinions-oil-natural-gas-production\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/traders-insight\\\/forecast-contract-opinions-oil-natural-gas-production\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Jose Torres\",\n\t                \"@id\": 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